The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars.
“For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication…
The National grid on Wednesday collapsed to 40Mw around 12:23 pm.
Of all the distribution companies, only the Abuja Electricity Distribution Company (AEDC) recorded 40Mw at that material time with others recording 0Mw.
“Dear Customers, we regret to inform you of a system collapse…
The Federal Government has not borrowed money from any Pension Fund Administrator in the country since the Pension Reform Act midwifed the current pension system 18 years ago, the National Pension Commission said on Tuesday.
The commission said the reason for the clarifications…
The World Trade Organisation is committing about N12 billion ($20m) into fisheries development in Nigeria and other member countries as part of efforts to prohibit harmful fisheries subsidies.
The Director General of WTO, Dr Ngozi Okonjo-Iweala, stated this yesterday in Abuja while on…
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism.
Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he said education and health sectors are critical sectors that the…
The price of petrol has finally been raised above N165 per litre across regions of the country.
Although the product has been selling above N165 in some parts of the country, a new price regime was released on Tuesday.
Petrol marketers have said the…
FBN Holdings Plc has notified the Nigerian Exchange Limited that its attention has been drawn to an online publication dated July 17, stating that the Federal High Court sitting in Lagos, Nigeria, has granted an ex-parte order against FBN Holdings Plc and…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the second time in three months increased official interest rate by 250 basis point.
The committee increased the Monetary Interest Rate (MPR) by 150 basis point in May 2022…
In a bid to modernise Nigeria’s capital markets and ensure that it is well positioned to support economic transformation driven by private sector investment, the Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for…
Nigeria may experienced a total shutdown of the economy as the workers in the banking sector have issued a threat to embark on industrial action in the financial sector in solidarity with the Academic Staff Union of Universities (ASUU) currently on strike.…
